DAIDO METAL (Germany) Market Value
| 69L Stock | EUR 3.06 0.06 2.00% |
| Symbol | DAIDO |
DAIDO METAL 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to DAIDO METAL's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of DAIDO METAL.
| 11/06/2024 |
| 01/05/2025 |
If you would invest 0.00 in DAIDO METAL on November 6, 2024 and sell it all today you would earn a total of 0.00 from holding DAIDO METAL TD or generate 0.0% return on investment in DAIDO METAL over 60 days. DAIDO METAL is related to or competes with Globex Mining, Western Copper, MAG SILVER, Zijin Mining, Aya Gold, and ARDAGH METAL. ,together with its subsidiaries, manufactures and sells bearings in Japan, North America, Europe, Asia, China, and inter... More
DAIDO METAL Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure DAIDO METAL's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess DAIDO METAL TD upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.66 | |||
| Information Ratio | 0.0437 | |||
| Maximum Drawdown | 6.37 | |||
| Value At Risk | (2.11) | |||
| Potential Upside | 2.88 |
DAIDO METAL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for DAIDO METAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as DAIDO METAL's standard deviation. In reality, there are many statistical measures that can use DAIDO METAL historical prices to predict the future DAIDO METAL's volatility.| Risk Adjusted Performance | 0.0519 | |||
| Jensen Alpha | 0.0857 | |||
| Total Risk Alpha | 0.0562 | |||
| Sortino Ratio | 0.0407 | |||
| Treynor Ratio | (0.16) |
DAIDO METAL TD Backtested Returns
At this point, DAIDO METAL is slightly risky. DAIDO METAL TD secures Sharpe Ratio (or Efficiency) of 0.0577, which denotes the company had a 0.0577% return per unit of return volatility over the last 3 months. We have found twenty-seven technical indicators for DAIDO METAL TD, which you can use to evaluate the volatility of the entity. Please confirm DAIDO METAL's mean deviation of 1.09, and Downside Deviation of 1.66 to check if the risk estimate we provide is consistent with the expected return of 0.0882%. DAIDO METAL has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.48, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning DAIDO METAL are expected to decrease at a much lower rate. During the bear market, DAIDO METAL is likely to outperform the market. DAIDO METAL TD at this moment shows a risk of 1.53%. Please confirm DAIDO METAL TD mean deviation, downside deviation, information ratio, as well as the relationship between the semi deviation and coefficient of variation , to decide if DAIDO METAL TD will be following its price patterns.
Auto-correlation | 0.53 |
Modest predictability
DAIDO METAL TD has modest predictability. Overlapping area represents the amount of predictability between DAIDO METAL time series from 6th of November 2024 to 6th of December 2024 and 6th of December 2024 to 5th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of DAIDO METAL TD price movement. The serial correlation of 0.53 indicates that about 53.0% of current DAIDO METAL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
DAIDO METAL TD lagged returns against current returns
Autocorrelation, which is DAIDO METAL stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting DAIDO METAL's stock expected returns. We can calculate the autocorrelation of DAIDO METAL returns to help us make a trade decision. For example, suppose you find that DAIDO METAL has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
DAIDO METAL regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If DAIDO METAL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if DAIDO METAL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in DAIDO METAL stock over time.
Current vs Lagged Prices |
| Timeline |
DAIDO METAL Lagged Returns
When evaluating DAIDO METAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of DAIDO METAL stock have on its future price. DAIDO METAL autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, DAIDO METAL autocorrelation shows the relationship between DAIDO METAL stock current value and its past values and can show if there is a momentum factor associated with investing in DAIDO METAL TD.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in DAIDO Stock
DAIDO METAL financial ratios help investors to determine whether DAIDO Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in DAIDO with respect to the benefits of owning DAIDO METAL security.